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Property profile & analytics
OFF-MARKET
Manufacturing properties
22111 Chip Yard Rd Sheridan, OR 97378
Entity Owned
18-yr Hold
Free & Clear
Property ID
US71-0627470
Property profile
Verified
Property type
Manufacturing properties
Use group
LUMBER & WOOD PRODUCT MFG
Lot
15.8 ac (688,248 SF)
Zoning code
HI
APN
R5627 00800
UPID
US71-0627470
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Mid-valley Forest Products LLC · 18 yrs held
Mid-valley Forest Products LLC
since 2008
7 recorded transactions
Zoning & alternative use
HI · Sheridan, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Sheridan submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sheridan submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$2,448
Tax year 2023
Assessed value
$228,957
Assessed 2023
Previous assessed
$222,288
+3.0% YoY
Effective rate
1.07%
On assessed value
Land market value
$472,186
Improvement market value
$30,603
Total market value
$502,789
Applied tax rate
48.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Manufacturing properties
Use group
LUMBER & WOOD PRODUCT MFG
Status
Off-Market
Heating
NONE
Lot
15.8 ac (688,248 SF)
Zoning code
HI
APN
R5627 00800
UPID
US71-0627470
Jurisdiction
YAMHILL
Zoning & alternative use
HI · Sheridan, OR
Zoning HI · permitted uses
HI · Sheridan, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Sheridan. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Lot
15.8 ac
Current owner
From public records · entity-resolved
Mid-valley Forest Products LLC
Entity
Free & Clear · 18 yrs held
Mailing address
PO BOX 2087, SALEM, OR 97308-2087
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 4, 2009
—
Mid-valley Forest Products LLC
—
Deed Of Trust
related
$13,209,050 · Bank Of The West
Mar 18, 2009
—
Mid-valley Forest Products LLC
—
Trustees Deed
related
—
May 19, 2008
$144,100
Mid-valley Forest Products LLC
Boyer,john
Warranty Deed
—
May 19, 2008
$145,200
Mid-valley Forest Products LLC
Yamhill Forest Products LLC
Trustees Deed
$13,209,050 · Bank Of The West
Apr 13, 2005
$175,000
Lynn Meier
Sheridan Forest Products LLC
Warranty Deed
—
Mar 25, 1998
$1,700,000
Sheridan Forest Production LLC
Taylor Lumber & Treating INC
Grant Deed
$669,693 · Seller
—
—
Sheridan Forest Products LLC
—
Deed Of Trust
related
$650,000 · Centennial Bank
—
—
Sheridan Forest Products LLC
—
Deed Of Trust
related
$300,000 · Weyerhaeuser Co
—
—
Lynn Meier
—
Deed Of Trust
related
$704,681 · Bank Of The West
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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